Friday, December 30, 2005

Friday Watch

Late-Night Headlines
Bloomberg:
- A new-found flaw in Microsoft’s Windows operating system is being used by hackers to install malicious code on personal computers.
- Intel will replace its corporate logo and simplify product brands in a major shakeup of the company’s marketing.
- Japanese stocks may rise, helping the Nikkei 225 Average close out the year with the biggest annual gain in at least 19 years.

London-based Times:
- Google is being sued for patent infringement over Google Talk, a free Internet telephone system, citing documents posted on line by Search Engine Watch, a Blog that first reported the case.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Outperform on IHS.

Business Week:
- AmeriCredit Corp.(ACF), which provides car loans to borrowers with poor credit histories, may be an attractive takeover target for a bank or financial group.
- Focus Media Holding Ltd.(FMCN), a Chinese advertising display company that’s listed on the Nasdaq Composite Index, will benefit as domestic shopping expands in China.
- Overseas Shipholding Group(OSG) is likely to benefit from growing demand to transport fuel to energy hungry nations.

Night Trading
Asian Indices are -1.0% to unch. on average.
S&P 500 indicated +.10%.
NASDAQ 100 indicated +.06%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule

Earnings of Note
Company/EPS Estimate
VRTY/.08

Upcoming Splits
CELL 3-for-2
ORI 5-for-4
SIE 2-for-1

Economic Releases
- None of note

BOTTOM LINE: Asian indices are lower, dragged down my commodity and exporting companies in the region on worries over the US housing market. I expect US equities to open modestly lower and to rally modestly into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.

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